One Turn
Asian chip stocks tumble with Nasdaq
SK Hynix, Samsung, SoftBank and TSMC fell as tech sold off. Korea's market halted trading. India drew inflows as an AI hedge, and Sensex rose over 2 percent.
Why it matters
Asian economies are exposed to the AI trade.
Background
Asia hosts key chip makers.
The story so far
- Japanese budget chain Saizeriya raises menu prices
- Chip maker Kioxia warns price spikes leveling
- Japan's Nikkei falls as chip stocks slump
- Nikkei drops 6.3% as Asian chip stocks tumble
- Asian chip stocks tumble with Nasdaq
- Asian tech stocks rebound as oil falls
Sources
This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.